In 2011, S&P downgraded Japan’s rating from AA to AA- as liabilities ballooned to nearly twice its economic output. France lost its AAA rating in January 2012. This begs the question of whether rating actions alter the cause politics – do downgrades deter politics of populism? In 2011, S&P downgraded Japan’s rating from AA to AA- as liabilities ballooned to nearly twice its economic output. This begs the question of whether rating actions alter the cause politics – do downgrades deter politics of populism?

Source: Indian Express August 05, 2023 19:07 UTC